If the marginal rate of substitution of butter and margarine is constant, the indifference curve is likely to be _____

a. linear
b. concave from below
c. L-shaped
d. U-shaped

a

Economics

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A bank panic refers to a situation where banks are afraid they will not have enough customers to borrow all their excess reserves

Indicate whether the statement is true or false

Economics

Nonrivalry is a feature of

A) goods but not services. B) all nonexcludable goods. C) excludable goods. D) public goods.

Economics